A Steel Import Management System (SIMS) is a system used by many countries to monitor and manage the import of steel products into their country. It is an online platform that requires importers and exporters to register and provide detailed information on the steel products they are importing or exporting. The purpose of SIMS is to ensure that the import of steel does not harm the domestic steel industry and to help prevent unfair trade practices such as dumping and circumvention. SIMS typically requires importers to obtain licenses and report their imports to the system, which is used by customs authorities to verify compliance with regulations and monitor the volume and types of steel imports.
A Steel Import Management System is necessary for managing steel imports because it allows governments to monitor and regulate the volume and type of steel products entering their country, prevent the import of unsafe or substandard products, and prevent unfair trade practices that can harm the domestic steel industry.
The benefits of using a Steel Import Management System (SIMS) include improved monitoring and control of steel imports, increased transparency, and efficiency in trade, enhanced safety and quality standards for steel products, reduced risk of circumvention and fraud, and facilitated communication between government agencies and importers/exporters.
To use a Steel Import Management System, importers, and exporters typically need to provide product information, manufacturer and exporter details, and other documentation related to the transaction such as invoices and bills of lading.
- Importers need to register on DGFT Website by login on https://www.dgft.gov.in/
- Link the existing IEC (For more details please see IEC section faqs)
- Register the DSC under My Dashboards > View and Register Digital Signatures Token
Yes, all steel products that are entering into India require prior registration before imports
- After the application has been auto approved, the approved license is visible in the approved letters section of the submitted applications.
- Go to My Dashboard -> Submitted Applications
- Select, Type of Scheme -> Import Management System & Type of Sub Scheme - > Apply for SIMS
- In the action section, select View Approved License.
Licenses that are not yet submitted can be canceled by deleting the draft crated. In case the application has been submitted, cancellations cannot be made.
The Steel Import Management System (SIMS) is a web-based platform that regulates and monitors the steel import market to protect national security and prevent unfair trade practices. It requires importers to register and obtain a unique license for each steel shipment and provide detailed information. The impact of SIMS on customs clearance procedures is that it adds an extra layer of scrutiny and documentation requirements for steel imports, helping to identify potential circumvention of US trade laws. While it may add some additional administrative burden, it is intended to protect US national security.